Major brokerages, including Goldman Sachs and Bank of America, have revised their average oil price forecasts for 2026 as the Iran conflict continues to disrupt markets. Analysts predict that oil prices will remain elevated in the near future due to supply disruptions through the Strait of Hormuz, a vital conduit for over 20% of global oil flows. However, they expect prices to stabilize later in the year. The conflict is causing significant disruption to energy and financial markets.